Venezuela to significantly increase oil exports to China will increase its oil exports to China to one million barrels a day, President Nicolas Maduro has said, following a visit to Beijing. Already a strong economic partner, had agreed to invest an additional $5bn in Venezuela, Maduro said on Tuesday, adding that the investment would help it boost production and nearly double its oil exports to China. “We are taking the first steps into a new economic era,” he said, as cited by AP news agency. “We are on track to have a new economy, and the agreements with China will strengthen it.” Maduro spent two days in China last week, welcomed by counterpart Xi Jinping , and attended meetings at the China Development Bank and the China National Petroleum Corporation (CNPC). Venezuela has already received more than $60bn in credit from Beijing over the last decade but still owes […]